Car insurance is a type of insurance that provides coverage for cars and other vehicles.
Gap insurance covers the difference between the value of a car and the amount owed on a car loan.
A car loan may also be refinanced if the borrower's financial situation changes.
The cost of car insurance can vary depending on the type of car being insured.
Car insurance policies may include terms that limit coverage for drivers under a certain age or with certain driving experience.
Car insurance policies may include add-ons such as roadside assistance or rental car coverage.
Car insurance companies may also offer discounts to individuals who drive fewer miles per year.
Car loans are often used to purchase new or used vehicles.
Liability insurance is the most basic form of car insurance and covers damages to third-party vehicles and injuries to third-party individuals.
Fixed interest rates on car loans do not change over the life of the loan.
Car insurance companies may offer discounts for things like safe driving or multiple cars insured under the same policy.
Collision insurance covers damages to the insured vehicle in case of an accident.
Car insurance policies may also include terms that require individuals to cooperate with the insurance company during the claims process.
Car insurance companies may investigate claims to determine the cause of an accident or the extent of damage to a car.
Car insurance companies may use telematics devices to monitor driving behavior and adjust premiums accordingly.
Underinsured motorist coverage protects against damages caused by a driver who has insufficient insurance coverage.
A secured car loan is backed by collateral, usually the car itself.
